A recent “Heard on the Street” column in the Wall Street Journal (“ Heeding 1994's Bond-Market Lesson,” July 27, 2014) is correct in saying that there’s a lesson to be learned from the 1994 bond market—but it draws the wrong lesson. It’s simply incorrect to state that bond funds and...
The following was written by ICI’s chief economist, Brian Reid, and published on FT Alphaville on July 23. For more information on ICI’s views and research on financial stability, please visit our Financial Stability Resource Center. As banks learn to live under tighter postcrisis...
ICI Responds to SEC Final Rule on Money Market Funds Washington, DC, July 23, 2014— ICI President and CEO Paul Schott Stevens made the following statement today about the new rules for money market funds approved by the U.S. Securities and Exchange Commission: “Through six years of...
IDC Statement on SEC Adoption of New Money Market Funds Requirements Washington, DC, July 23, 2014— Independent Directors Council (IDC) Managing Director Amy Lancellotta made the following statement today about the U.S. Securities and Exchange Commission’s final rules for money market...
As we discussed in March and April, European banks have generally become less willing to borrow from U.S. money market funds due to regulatory pressures, especially at the end of the quarter. Specifically, the new Basel III requirements seek to increase capital ratios of banks and...
Since the individual retirement account (IRA) was created as part of the Employee Retirement Income Security Act of 1974 (ERISA), it has become a resounding success, accounting for the largest pool of assets in the U.S. retirement market. By the end of 2013, Americans held $6.5...
Long-Term Downward Trend of Fees Paid by 401(k) Investors in Mutual Funds Continued in 2013 Washington, DC, July 14, 2014—Participants in 401(k) plans incurred lower expenses investing in long-term mutual funds (equity, hybrid, and bond funds) in 2013 than in 2012, the Investment...
ICI Names David W. Blass General Counsel Washington, DC, July 11, 2014—The Investment Company Institute has named David W. Blass as its General Counsel. Blass is currently chief counsel and associate director of the Division of Trading and Markets at the Securities and Exchange...
Tackling the Common, Complex Problems of Pension Systems By Paul Schott Stevens (As published in IPE Views , 11 July 2014) The pressure on pension systems shows no sign of relenting. Even before the financial crisis, both governmental and employer-based retirement plans were...
Roth IRAs Most Often Created by Contributions Roth IRA Investors Persistent, Responsive to Tax Rule Changes Washington, DC, June 30, 2014 - Contributions are the predominant way investors open Roth individual retirement accounts (IRAs), according to a new Investment Company Institute...
